Product Manager, Medical Devices Salary

The average Product Manager of Medical Devices in the United States earns approximately $87K per year. Product Manager of Medical Devicess who participated in the survey are largely men, dominating at 61 percent. Most workers in this position report high levels of job satisfaction. The information for this snapshot was generated by responses to the PayScale salary survey.
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$58,816 - $124,129
$59K
$87K
$120K
MEDIAN: $86,818
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Salary
$58,816 - $124,129  
   
Bonus
$2,576 - $13,574  
Profit Sharing
$4,750  
Commission
$5,087  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$56,673 - $134,718  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 52
© PayScale, Inc. @ www.payscale.com

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Job Description for Product Manager, Medical Devices

A product manager creates strategies and plans to implement medical devices into markets and to market them to appropriate parties. The product manager may oversee a sales and marketing team and may provide them with direction, including giving them tactics and tools in which to promote the products.

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Product Manager, Medical Devices Tasks

  • Lead market research and customer outreach initiatives.
  • Mentor and train staff.
  • Identify markets and potential clients, as well strategies for building relationships.
  • Manage all sales for medical devices, from initial contact to analytics about markets.

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Pay by Experience Level for Product Manager, Medical Devices

Median of all compensation (including tips, bonus, and overtime) by years of experience.


For many Product Manager of Medical Devicess, more experience generally translates to higher pay. The average inexperienced worker's salary is approximately $84K, and people with five to 10 years of experience bring in more at around $98K on average. Professionals who claim 10 to 20 years of experience can secure some pretty cushy paychecks; the median for this group is a six-figure $120K. People who have worked for more than 20 years report a median income of $127K, which is barely higher than the median for folks with 10 to 20 years of experience.

Related Job Salaries

Key Stats for Product Manager, Medical Devices

Gender

Female
39 %
Male
61 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 4 votes.
Less than 1 year
4%
1-4 years
36%
5-9 years
34%
10-19 years
19%
20 years or more
8%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Product Manager, Medical Devices Salaries

Late-Career
▲42%

Experienced
▲34%

Mid-Career
▲10%

National Average
$89,000

Entry-Level
▼6%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 4 votes.

Gender

Female
39 %
Male
61 %

Years of Experience

Less than 1 year
4%
1-4 years
36%
5-9 years
34%
10-19 years
19%
20 years or more
8%

Common Health Benefits

medical benefits
Medical: 100%
dental benefits
Dental: 84%
vision benefits
Vision: 68%
dental benefits
None:
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